Mumbai, January 9, 2026: Bank of Baroda announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR), with changes set to take effect from January 12, 2026. The revision includes a reduction in the six-month tenor, while other maturities remain unchanged.
Revised MCLR Structure
The updated MCLR framework reflects a 10 basis point cut in the six-month tenor. All other tenors have been retained at their existing levels.| MCLR Tenor | Existing Rate (%) | Revised Rate (%) |
|---|---|---|
| Overnight | 7.80 | 7.80 |
| One Month | 7.90 | 7.90 |
| Three Month | 8.15 | 8.15 |
| Six Month | 8.60 | 8.50 |
| One Year | 8.75 | 8.75 |
Implications for Borrowers
The reduction in the six-month MCLR is expected to marginally ease borrowing costs for customers with loans linked to this tenor, including certain working capital facilities and short- to medium-term loans. Rates for retail and corporate borrowers linked to other tenors remain unchanged.About the Company
Bank of Baroda is a leading public sector bank in India with a diversified presence across retail banking, corporate banking, international operations, and treasury services. The bank’s equity shares are listed on Indian stock exchanges and it continues to play a significant role in credit delivery across key sectors of the economy.Source:
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